It was established by Reverend Alexander Fletcher on the site of the old Bethlem Royal Hospital in 1815 and demolished in 1879.

The first stone of the construction for the Albion Chapel was laid on 7 November 1815 by Reverend Alexander Fletcher, the Minister of a Church of Scotland assembly near Oxford Street.

The stone contained several objects inside, including a Bible, some coins and a copy each of the Westminster Confession of Faith and The Assembly's Shorter Catechism.

[2] Alexander Fletcher was established at the Chapel until 1824, when as a result of a legal challenge brought to him by a Miss Dick regarding the breach of a promise of marriage, the Scottish Presbyterian Church suspended him of his duties.

Despite the Church's ban on him, Fletcher spoke from the pulpit and announced that he would continue to preach despite the orders from Scotland.